War and Bitcoin

[spazzdla]

When the banksters take us to war to ensure they keep their grip of control what do you think will happen to BTC?

[hilariousandco]

Take us to war in what way? Bitcoin would probably become more valuable if they delcared a 'war' on it, well, unless they cut the internet cables or something haha.

[spazzdla]

Take us to war in what way? Bitcoin would probably become more valuable if they delcared a 'war' on it, well, unless they cut the internet cables or something haha.

I meant another world war.. when the ecom gets past the point of their ability to manipulate a war is manufactured.

[hilariousandco]

Take us to war in what way? Bitcoin would probably become more valuable if they delcared a 'war' on it, well, unless they cut the internet cables or something haha.

I meant another world war.. when the ecom gets past the point of their ability to manipulate a war is manufactured.

Well, in a World War it'll be hard to speculate on. It could push the price up or down. Could massively depend on the damage and functionality of the internet and infrastructure as well.

[RodeoX]

I am unaware of anything the banks can do to hurt bitcoin.  
Besides, the "war" was already fought at my home and the banks lost. I have destroyed all my credit cards and worked to receive an "unable to score" rating from all three credit agencies. I shop with bitcoin for almost all online purchases. I dumped most of my stocks for index funds, gold and real estate. I even sued and won against Bank of America. The only money a bank receives from me is a mortgage payment and the safe deposit box I rent to keep my bitcoins safe. And I only pay on the mortgage because I have an insanely low rate.
I just don't see what a bank can do to hurt me or my coins.

[IrishFutbol]

If BTC expands, it'll be with the banks help.

What easier way to allow BTC to spread than to allow banks to hold BTC, and issue debit/credit cards in BTC?

[Beliathon]

The next time a government tries to coerce its people into a war, those people will divest from that government's clownish monopoly money, and invest in crypto, thus liberating themselves from empire slavery.

Cryptocurrency is the death of the tyranny of the nation state.

[roslinpl]

If BTC expands, it'll be with the banks help.

What easier way to allow BTC to spread than to allow banks to hold BTC, and issue debit/credit cards in BTC?

Hehe ... that is like a true war scenario I hope they do not think this way

[IrishFutbol]

If BTC expands, it'll be with the banks help.

What easier way to allow BTC to spread than to allow banks to hold BTC, and issue debit/credit cards in BTC?

Hehe ... that is like a true war scenario I hope they do not think this way

If BTC is going to become a widely used currency, it needs to be convenient.  Simplest way to do that is by relying on the convenience infrastructure that's already in place.

You'd have a payment form that's already in use at every major store.  People wouldn't have to worry about paper wallets and backups as even if someone stole your BTC from a bank, the bank has ample capital to secure the loss.  Plus, you'd probably get points/rewards just as normal credit/debit owners would.

It's not the "Hooray anarchy lets bring down the world!" idea, but it's the quickest way for BTC to go mainstream.

[twiifm]

Seriously, I don't why so many bitbugs are anti bank.  

Banks perform an important function in economies.  They take risk to provide liquidity.  Bottom line, If you take risk you get paid for it.  Banks are liquidity dealers & market makers

Even if bitcoins go mainstream there still needs financial services.  People need mortgages, credit, etc..  Banks aren't going to go away cause some anarchist geeks don't understand banking

I agree w futbol that its more likely that banks will make a type of "bitcoin" if the consumers really demand it.

[Beliathon]

If BTC is going to become a widely used currency, it needs to be convenient.  Simplest way to do that is by relying on the convenience infrastructure that's already in place.

Yeah, the "convenience" of the big banks and the governments who have financially strangled their populations for generations... because THAT'S what everyone desires.

Because THAT'S what is making Bitcoin so popular in all the places in the world with hyper-inflating fiat currencies.

You are delusional, pal. Everyone is sick of the greedy big banks and their evil, manipulative bullshit.

It is cryptocurrency's liberatory power from those very institutions that has gained it so much traction so quickly in the first place!

[twiifm]

If BTC is going to become a widely used currency, it needs to be convenient.  Simplest way to do that is by relying on the convenience infrastructure that's already in place.

Yeah, the "convenience" of the big banks and the governments who have financially strangled their populations for generations... because THAT'S what everyone desires.

Because THAT'S what is making Bitcoin so popular in all the places in the world with hyper-inflating fiat currencies.

You are delusional, pal. Everyone is sick of the greedy big banks and their evil, manipulative bullshit.

It is cryptocurrency's liberatory power from those very institutions that has gained it so much traction so quickly in the first place!

Oh grow up.  Only schmucks think this way.  Everyone else is trying to get degrees, start businesses, buy a house, etc.  

You think it's so easy to be a bank?  Try lending money some time.  Its pretty risky if the borrower doesn't pay you back.

[Onar]

I belive that ordinary valuta and bitcoin must exist parallell. Without valuta, possibilities to exchange and trade products bitcoin will not envolve. Regards to war I think bitcoins also will be  vulnerable, since in general when war appears ordinary trading and shoping goes down in the population and in long run it will also have an impact on the bitcoin echonomy. At least on the trading value of a bitcoin. But bitcoin might help transfer money values from one region to a other and this way you might save your usd fortune by exchange it in a other valuta in a safespot in the world. For example in Norway.

[franky1]

the funny thing is that governments are now using digital war tactics instead of bullet war tactics.

take russia vs crimea.
10 years ago UK and US would have gathered an army, with guns to go to war with russia to get them to no longer occupy crimea.

but now governments are waging a digital and social war with russia.
blocking Mastercard processing
blocking Visa processing
banning then from the FIFA world cup (soccer)
dis-communicating certain russian authority from international trade agreements

all without an american bullet or missile fired.

so watch out, you wont find people knocking at your door with guns when a digital war occurs. you will just have your healthcare cancelled, your bank accounts blocked and other daily activities removed. until you surrender to the government orders

[Beliathon]

Read this thread: If Bitcoin had existed in 1930

[roslinpl]

Read this thread: If Bitcoin had existed in 1930

,

How does it come with this one?

[Beliathon]

so watch out, you wont find people knocking at your door with guns when a digital war occurs.

That's right!!! That's exactly why the internet - and Cryptocurency is so good for the world! The age of government bullies getting their way through force and violence is over!

...you will just have your healthcare cancelled

What healthcare? I'm one of the millions of Americans who is STILL without any healthcare to speak of. I'm also under-employed, with no retirement benefits to speak of.

...your bank accounts blocked

My Bitcoin brain wallet is my bank, and they can't block it. Short of outright torturing me for my brain wallet passphrase, they're powerless to touch me financially now.

...and other daily activities removed until you surrender to the government orders

If they don't send men with guns to my door, they ain't touching my daily activities. If they do send men with guns to me door, well I've got guns too, and I know how to use them. *shrug*

[Onar]

Seriously, I don't why so many bitbugs are anti bank.  

Banks perform an important function in economies.  They take risk to provide liquidity.  Bottom line, If you take risk you get paid for it.  Banks are liquidity dealers & market makers

Even if bitcoins go mainstream there still needs financial services.  People need mortgages, credit, etc..  Banks aren't going to go away cause some anarchist geeks don't understand banking

I agree w futbol that its more likely that banks will make a type of "bitcoin" if the consumers really demand it.

I agree with you, banks and finacial institusitons have a role to play, but regards to history they often takes advantages of the users in a bad way. The financial products are always tailored to monetize the bank owners. here is one example:

The noregian government gave the banks in country order to build their capital base. The biggest bank went out and said all needed to contribute to this. They kept the interest rent unnaturally high in cover up building up the capital base government had requeired. Because if good times and the bank itself has low interest on the loans they take, they earned a lot in the difference in interest. Same time they downsized numbers of workers and paid the shareholders a historical amount. Also the bank boss got a real big bonus. They during the process claimed that all must pay the price, but the ones paying the price were the ones with loan that fueled the share holders. Government has also said this was not the intention with the requirement to build up the banks capital base. They should have lowered the interest rent. But due to low competition (the smaller banks follows the bigges) the market did not selfregulated.

This is an example of the capitalism and financesystem in work. So in general I might think this is what many bitcoiners do not like. But in general we need a finance and bank system otherwise we would not have be able to finance minor and bigger things. Things like getting a house would be hard without a bank for ordinary people.

[zolace]

The bad thing that can happened in a future world war is to cut down the satellites and bomb the electric energy source;if you don't have electricity you won\t have access to internet and no access to bitcoin.

[Beliathon]

Seriously, I don't why so many bitbugs are anti bank.

Watch this video and you'll understand: The Biggest Scam In The History Of Mankind - Hidden Secrets of Money 4